TLDR:
Lawmakers must incentivize cyber protection for critical infrastructure as the nation faces unprecedented threats from digital connections, making cybersecurity a crucial aspect of national security and safety. The emphasis on proactive risk management, mandatory cyber safety engineering standards, and collaboration between asset owners, operators, engineers, and insurers is essential to ensure public safety against catastrophic cyber events. Cyber risk mitigation should be prioritized over risk transfer mechanisms to build a more resilient ecosystem.
Full Article:
In a world where critical infrastructure networks are increasingly digitalized and interconnected, cyber risk is growing as a significant threat to our nation’s security and safety. National headlines, federal advisories, and the President’s Council of Advisors on Science and Technology warn of unprecedented threats by nation-state actors, criminals, and terrorists as digital connections create access to networks that could endanger the health and safety of every American.